the move allows rootworks to expand its educational ecosystem by leveraging cpa practice advisor’s content across a broad spectrum of digital channels. terms were not disclosed. read more →
or, to put it another way, the mother of invention.
cpa firms have been quick to invent. what the wise have realized is that the inventions aren’t temporary measures destined to disappear when no longer needed. many are here to stay, and the accounting industry will be better off with them. read more →
annual global fintech funding has reached $54.42 billion this year. in q2, fintechs dominated global startup funding in all sectors: one dollar out of every $5 raised in q2 went to a fintech.
tax professionals should brace for a new wave of information reporting.
by 卡塔尔世界杯常规比赛时间 research
here’s something the irs has discovered and many tax preparers can probably confirm: while roughly 99 percent of taxes due on wages are paid to the irs, compliance on less visible sources of income is estimated to be just 45 percent.
post-pandemic: staffing tops lists of concerns, remote work here to stay.
by 卡塔尔世界杯常规比赛时间 via the vscpa
the future of the tax, accounting, and finance workplace will include more remote working and hybrid options in the wake of the pandemic — and some office footprints will shrink, according to a new survey of cpas. but vaccinations won’t be required in many offices.
more highlights: “tax season from hell.” the pandemic pivot. small business outlook. digitally-powered recovery.
by 卡塔尔世界杯常规比赛时间
three years after the notorious “wayfair” decision, accountants say a vast number of small businesses face new and burdensome interstate sales tax measures. but only a few accountants appear ready to help, according to new research by 卡塔尔世界杯常规比赛时间.
most accountants believe that 98 percent of small businesses – virtually all – are failing to fully comply with all the interstate sales tax issues they may be liable for. and yet, about 71 percent of accountants are falling short of handling all their clients’ sales tax issues, with about 12 percent saying they address “most” issues, 36 percent handling “some,” and 24 percent handling none, according to the new study conducted in conjunction with avalara, the tax management software company.
with lessons learned in painful lockdowns and grueling tax seasons, accountants are scrambling this summer to help their small-business clients cope with a harsher, more unforgiving business environment that demands new technologies, new work processes, and, most of all, new habits and attitudes.
accountants are working with their small-business clients to:
keep up with changes in online technologies.
learn to be flexible, innovative, and super-scrappy.
pivot from brick-and-mortar to doing business online and virtual.
manage new customer and employee expectations, and
brace for revenue-hungry states seeking revenues from out-of-state online sales.
the terrain will be treacherous. in a 卡塔尔世界杯常规比赛时间 study conducted in conjunction with avalara, the tax management software vendor, accountants – by a margin of almost 2-to-1 – predict “much worse” business conditions for small businesses in the next 12 to 18 months. that’s the bleakest outlook in all five sectors surveyed, including the nation’s economy in general, their firms, their clients, and themselves personally.
how closing the $7-trillion tax gap could impact the tax prep business.
by 卡塔尔世界杯常规比赛时间
president biden is proposing some big – and some would say long overdue – spending on infrastructure and programs to help lift americans out of the pandemic recession. he can’t raise taxes – that’s congress’s purview – but collecting taxes falls within the obligations of the executive branch.
the economy is poised to come roaring back in the year ahead, with forecasts for revenue and profit growth not seen since 2018, according to the second-quarter aicpa economic outlook survey of members in business and industry.
there are concerns, however. “availability of skilled personnel” reemerged as the top-cited challenge for businesses as job recruitment turns up. and two-thirds of business executives now express concern about inflation, up from 44 percent last quarter.
karen koch, cpa, a legendary figure in real estate tax accounting, is headlining a seven-date, 4-cpe, virtual real estate conference series in association with the state cpa societies of connecticut, kentucky, virginia, texas, ohio, missouri, and minnesota.
she’ll be joined by renowned cpa tax specialists andy ackermann of mcm cpas and advisors, blake christian at hcvt, stephen lukinovich at mcm, josh malancuk of jm tax advocates. 卡塔尔世界杯常规比赛时间 editor-publisher rick telberg will also be participating.
“we’re honored to be working with so many of the nation’s leading state societies for our profession,” noted bedford partner karen koch, cpa/mbt. “we can’t wait to start sharing insights from some of the smartest professionals i know about the impact of tax incentives related to cost segregation, epact 179d certification, and r&d tax credits.”
the four-hour cpe events will provide a mix of pre-recorded presentations and live q&a from experts in the areas of cost segregation, energy credits, real estate elections, low-income housing credits, cost seg for opportunity zone investors, r&d credits in the construction industry, and real estate property tax reduction strategies. read more →
the situation isn’t funny, but laughing beats crying.
by 卡塔尔世界杯常规比赛时间
half the country may be vaxxed to the max, but that hasn’t helped the irs recover from last year’s covid-clogged backlog. in fact, it’s gotten so bad that the backlog is causing a logjam that’s backing up more logs.
when tax clients start to gripe about the refunds they haven’t received, maybe not even last year’s, describe this scenario to them, as described by the interim results of the 2021 filing season report from the treasury inspector general for tax administration. read more →